The growth track lies ahead
B2
MEDIUM RISK for enterprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD35.3bn (World ranking 88, World Bank 2020) |
Population | 7.1mn (World ranking 104, World Bank 2020) |
Form of state | Constitutional Republic |
Head of government | Mario Abdo Benítez (President) |
Next elections | 2023, presidential and legislative |

- A contained fiscal budget and public debt
- Low current account deficit
- Ample foreign exchange reserves
- The government pursues business-friendly policies

- The economy is highly dependent on the agricultural sector and weather conditions
- One of the poorest countries in Latin America with high inequality and sub-standard infrastructure
- Wide informal economy
- Low diversification of the economy
- High level of corruption, criminality and poor rule of law
Trade structure by destination/origin
(% of total, annual 2020)
Exports | Rank | Imports |
---|---|---|
Brazil
32.7%
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1 |
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Argentina
30.1%
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2 |
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Chile
6.8%
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3 |
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Russia
4.5%
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4 |
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Uruguay
2.8%
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5 |
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Trade structure by product
(% of total, annual 2020)
Exports | Rank | Imports |
---|---|---|
Oil seeds and oleaginous fruits
28.0%
|
1 |
13.4%
Telecommunication and sound recording apparatus
|
Electric current
18.6%
|
2 |
9.3%
Road vehicles
|
Meat and meat preparations
12.0%
|
3 |
7.3%
Petroleum, petroleum products and related materials
|
Cereals and cereal preparations
10.0%
|
4 |
6.1%
Electrical machinery, apparatus and appliances, n.e.s.
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Feedstuff for animals (excluding unmilled cereals)
7.8%
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5 |
4.7%
Office machines and automatic data processing machines
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